Northwestern Mutual Wealth Management Co. Buys New Shares in Fidus Investment Corporation $FDUS

Northwestern Mutual Wealth Management Co. purchased a new stake in Fidus Investment Corporation (NASDAQ:FDUS) in the second quarter, HoldingsChannel reports. The fund purchased 31,228 shares of the asset manager’s stock, valued at approximately $596,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of FDUS. Millennium Management LLC bought a new position in shares of Fidus Investment during the 4th quarter worth about $4,778,000. BlackRock Inc. bought a new stake in shares of Fidus Investment in the second quarter valued at about $2,633,000. Jane Street Group LLC acquired a new stake in Fidus Investment during the fourth quarter worth about $2,118,000. UBS Group AG grew its position in Fidus Investment by 25.9% during the third quarter. UBS Group AG now owns 375,736 shares of the asset manager’s stock worth $7,612,000 after buying an additional 77,346 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in Fidus Investment by 15.9% during the fourth quarter. Cetera Investment Advisers now owns 523,659 shares of the asset manager’s stock valued at $10,107,000 after acquiring an additional 71,723 shares during the period. 28.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $19.50 price objective on shares of Fidus Investment in a research report on Monday, July 20th. Weiss Ratings restated a “hold (c)” rating on shares of Fidus Investment in a research report on Wednesday, June 17th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $19.50.

Fidus Investment Stock Down 0.3%

NASDAQ FDUS opened at $19.70 on Thursday. Fidus Investment Corporation has a twelve month low of $16.86 and a twelve month high of $21.67. The stock has a market cap of $747.62 million, a P/E ratio of 9.43 and a beta of 0.67. The company’s 50-day simple moving average is $19.62 and its 200 day simple moving average is $18.82.

Fidus Investment (NASDAQ:FDUS) last announced its quarterly earnings results on Thursday, August 6th. The asset manager reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. Fidus Investment had a net margin of 45.36% and a return on equity of 10.87%. The firm had revenue of $32.55 million during the quarter, compared to analysts’ expectations of $42.37 million. Research analysts anticipate that Fidus Investment Corporation will post 2.16 earnings per share for the current year.

Fidus Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date is Tuesday, September 15th. Fidus Investment’s dividend payout ratio is 82.30%.

Fidus Investment Company Profile

Fidus Investment Corporation (NASDAQ: FDUS) is a closed-end, externally managed business development company (BDC) that provides specialized financing solutions to U.S. middle-market companies. Operated by Fidus Investment Advisors, LLC, a registered investment adviser, the company is regulated under the Investment Company Act of 1940 and trades on the Nasdaq Capital Market.

The firm focuses on structuring senior secured and unitranche loans, mezzanine debt and equity investments for established businesses across a range of industries.